[ANN] ICONOMI - Fund Management Platform

[MoveCrypto]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

My investment: 5 BTC with 15% bonus + 10 BTC with no bonus = 5BTC + 0.75BTC (bonus) + 10 BTC = 15.75BTC = ~9,090.02 USD

In the estimated tokens to receive I have: 74,471.09 ICN so my final price per ICN will be 9,090.02 USD / 74,471.09 ICN = 0.1221$

I can't get how my price per ICN is bigger than the ICO price more so when part of the money was sent in a bonus period  

Are your numbers adding up guys?

Best,

The bulk of your investment was made with no bonus, so this pushes the average price you paid higher than the $0.1206 ico price

On the contrary, someone who made the bulk of their investment during the 15% bonus period should have an average price paid lower than $0.1206

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well. So...divide the 10.25 mio by the total shares that will issued, 100 mio, and just remember 15% of those shares will stay with the dev team to compensate them for their work.

When investors are calculating ico price, they are looking at the average price per coin paid by the investor

Everyone's personal ico price will be slightly different, depending on which bonus period they invested in, but I would still consider the "official" ico price to be: (total funds invested by investors) ÷ (total coins issued to investors)

If you're looking at what the "official" starting market cap is, then it would be: [(total funds invested by investors) ÷ (total coins issued to investors)] × (total supply of coins)

[1715137779]

1715137779

[1715137779]

1715137779

[sanchicharro]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

My investment: 5 BTC with 15% bonus + 10 BTC with no bonus = 5BTC + 0.75BTC (bonus) + 10 BTC = 15.75BTC = ~9,090.02 USD

In the estimated tokens to receive I have: 74,471.09 ICN so my final price per ICN will be 9,090.02 USD / 74,471.09 ICN = 0.1221$

I can't get how my price per ICN is bigger than the ICO price more so when part of the money was sent in a bonus period  

Are your numbers adding up guys?

Best,

The bulk of your investment was made with no bonus, so this pushes the average price you paid higher than the $0.1206 ico price

On the contrary, someone who made the bulk of their investment during the 15% bonus period should have an average price paid lower than $0.1206

This actually makes sense, thanks a lot buddy, sad to be paying a bit extra for each ICN, won't worry when it trades at 10x 

[@Hakermania@]

So we can remove our signature now?   

just wait dont take the signature  before the dev team will say anything about the signaure , otherwise you going to loose all!

[MalReynolds]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

[famiextrem]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

This is a good explanation.Now i am clear about the whole ICO project from the start to end. thank you,your calculation is right.

[LWYRUP]

Sorry two questions:

- When we get our ICN what do i need to send it to a exchanger? Somebody says i need a wallet of Ethereum. Thanks for help!
- What is the final ICO price for 1 ICN?

If you want to hold your own ICN then you need a Ethereum wallet and add the ICN contract.
Might be corrected but I think that how it works.

Is there a tutorial how to add a contract? And what wallet should i use?

I have the latest mist wallet and will be adding the contract when someone posts the info.

I have installed MIST. It says I need ETHER to do anything with the wallet. How many ETHER do I need to add the contract and send the ICN to an exchanger round about?

[raphma]

A lot of investment in last 2 days well decreased my expected ICN shares by 30% in a matter of hours. But I hope this means more value for ICN.

Just 30%? I lost almost 50% ICN in last 10 days.I had 2000 ICN and now they reduced to 1000.Only if I knew,I would have invested much more

technically, you still have the same amount 

how you can trade ICN if tokens dont be distribuited yet?

remember lisk and waves? that's how... its only IOU.

[jstern]

A lot of investment in last 2 days well decreased my expected ICN shares by 30% in a matter of hours. But I hope this means more value for ICN.

Just 30%? I lost almost 50% ICN in last 10 days.I had 2000 ICN and now they reduced to 1000.Only if I knew,I would have invested much more

The percentage will be higher once all the funds from banks are received in a few days.

[animalroam]

How did this ICO do? I've been reading the past few pages and it seems to have done alright except it's overfunded a bit.

[MalReynolds]

A lot of investment in last 2 days well decreased my expected ICN shares by 30% in a matter of hours. But I hope this means more value for ICN.

Just 30%? I lost almost 50% ICN in last 10 days.I had 2000 ICN and now they reduced to 1000.Only if I knew,I would have invested much more

The percentage will be higher once all the funds from banks are received in a few days.

I think you had to email ICONOMI a receipt showing that money is on the way before the ICO ended.  They should have right now the data they need to get the total very close to the final number.

[MoveCrypto]

If any BTC over 10000 is used to seed iconomi.performance, then that fund would be starting off with roughly 7000 BTC

That's some serious coin to be investing into ico's.  Would be cool if this started a trend for more projects to accept ETH and LSK into ico's.

There are already plenty of opportunities to directly invest some of that 199K ETH into ico's.  

A lot of opportunities to directly invest some of that 4MM chunk of LSK into ico's will start popping up once people start launching blockchain apps on Lisk

[SanFrancisco]

i invested short before the ico ended. luckily with btc and it was fast. cant wait for the icn!! now i have lisk and iconomi and ether. i am on the sunny side of life. 

[bitcoinuserz]

 

[BTCSpearo]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

oooops, my mistake

[EbonHawk]

How did this ICO do? I've been reading the past few pages and it seems to have done alright except it's overfunded a bit.

You can see the final numbers here 

https://ico.iconomi.net/

[techbytes]

If any BTC over 10000 is used to seed iconomi.performance, then that fund would be starting off with roughly 7000 BTC

That's some serious coin to be investing into ico's.  Would be cool if this started a trend for more projects to accept ETH and LSK into ico's.

There are already plenty of opportunities to directly invest some of that 199K ETH into ico's.  

A lot of opportunities to directly invest some of that 4MM chunk of LSK into ico's will start popping up once people start launching blockchain apps on Lisk

Yes, take a nice chunk of that 7000 BTC and put it into the next "ICOnomi".  Rinse and repeat and investors will be very happy.


-tb-

[Toro iskandar]

 

 
 

  0.00059 BTC

[ecawyna]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

Thank you very much sir! Very informative.

[electronicash]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

Thank you very much sir! Very informative.

Nice! I never really understood how they compute it as i just divide the whole amount accumulated during ICO to 100M. That i don't complicate that much but thanks a lot for the info. Will one day do an ICO of my own

[skeet]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

I think your explanation somehow contradict the previous blog post regarding ICO bounties. No mention of 15M ICN will go to the founders. Instead 2% (2 million ICN) of 100 million shall be reserve for bounties which means a total of 98 million ICN will be distributed to all ICO investors.

https://medium.com/iconominet/ico-bounties-ea2922888b85#.6dwysf8mk